Clopay plans to exit some product categories in Europe

Published: March 1, 2013 2:13 pm ET
Updated: March 1, 2013 2:16 pm ET

Related to this story

Topics Europe, Packaging, Film & Sheet

MASON, OHIO -- Clopay Plastics Products Co.'s European division will exit "certain less profitable product categories" this year in response to Europe's challenging economic climate, the company announced Feb. 25.

Instead, the company will focus on operating and growing its more profitable business lines and will invest in new capital projects to improve efficiencies.

In a March 1 phone call, a Clopay spokesman said the company was not currently discussing details of its restructuring plan.

In a news release, Clopay said it remains committed to its European business and that restructuring should lead to improved performance and future growth potential.

The company has plants in Dombühl and Aschersleben, Germany.

Clopay, based in Mason, Ohio, is a wholly owned subsidiary of Griffon Corp., a holding company headquartered in New York.

Clopay makes specialty plastic films and laminates for hygienic, health care and industrial applications. Along with its German sites, the company has facilities in Augusta, Ky., Mason and Nashville, as well as Brazil, China and Turkey.

Clopay had sales of $563 million for the fiscal year that ended Sept. 30.


Comments

Clopay plans to exit some product categories in Europe

Published: March 1, 2013 2:13 pm ET
Updated: March 1, 2013 2:16 pm ET

Post Your Comments


Back to story


More stories

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

FTC warns bag makers to take care before making biodegradeability claims

October 23, 2014 12:30 pm ET

Makers of oxodegradable or oxo-biodegradable plastic bags should consider themselves on notice, according to the U.S. Federal Trade Commission.    More

Image

Bemis reports record quarterly profit

October 23, 2014 1:06 pm ET

Bemis Company Inc. saw record per-share earnings from continuing operations during the third quarter, but charges associated with the divestiture of...    More

Image

Packaging specialist Amcor hits sustainability goals ahead of schedule

October 23, 2014 11:15 am ET

Global packaging company Amcor Ltd. has achieved its waste reduction goals two years ahead of schedule, according to the company's new sustainability ...    More

Image

Total picks new management following CEO's death in crash

October 23, 2014 11:03 am ET

Total SA has picked a new management team to oversee the company in the wake of a plane crash in Moscow that killed its chairman and CEO earlier this ...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events